Markets Are Bleeding Out.

And we’re only halfway down the cliff.

S&P 500 futures just nuked 22% — deep into bear territory.
$400B vaporized every day. For 32 days straight.

So… time to buy the dip?
Or is this the beginning of something worse?

Let’s break it down:

6147 to 4800 — A 32-Day Slaughter

Just over a month ago, the S&P hit all-time highs.
Now? It’s been ripped to shreds.

1,300+ points erased
Volatility detonated
Sentiment in the gutter

This isn’t a correction. It’s a reckoning.

Crypto Caught the Knife First

At 12:00 PM ET, crypto cracked.
By 5:00 PM, $200B gone. Just… gone.

Then at 6:00 PM — boom:
S&P futures dumped -6% on open.

That was the warning shot. Risk-off wasn’t just back — it was on full auto.

Trump's Tariff Game: No Mercy, No Deal

Everyone hoped for weekend peace talks.

Instead?
Silence.

Trump doubled down on tariffs. No handshakes. No backchannels. Just pain.

When asked about the selloff, he said:

Sometimes you have to take medicine.”

Translation? He doesn’t care if markets scream. Not yet.

AAII Survey: Full-Blown Panic

Bullish sentiment: 21.8%
Bearish sentiment: 61.9% (3rd highest in history)

Last time it was this bad?

  • March 2009

  • October 1990

Most of those responses were even before the latest drop.

$VIX Blows Past August Highs

Fear index? Ripping.
This isn’t a calm unwind — it’s a panic spiral.

We were calling the selloff “orderly.”
Not anymore.

Even Gold Is Tapping Out

Gold had been mooning on uncertainty.
Now? Below $3,000/oz and dropping.

When even the safe havens are puking — that’s not normal selling.
That’s capitulation.

Retail Is Leaving the Chat

Friday morning:
Retail dumped $1.5B in 2.5 hours.

Biggest retail dump in history over that timeframe.

These guys were the "buy the dip" gang since 2022.
Now they’re folding too.

Institutions Already Fled

March 2025 saw one of the fastest exits from U.S. equities in years.
Now retail is chasing them out the door.

Everyone’s on the sidelines.
Cash is stacking up. Fear is maxing out.

There’s No Bounce Yet — That’s the Setup

15% down.
Zero relief rally.

Any decent headline — a tariff pause, a deal whisper — and this rips 5% in a day.

Risk/reward? Skewed as hell.

What the Tape’s Telling Us:

  1. 32 trading days of straight blood

  2. Crypto got dragged down with it

  3. Gold’s not a hedge — it’s dumping

  4. $VIX breaking out

  5. Retail + institutions are running

  6. Bad news is fully priced in

And not a single real bounce. That’s not normal. That’s setup.

No Long-Term Bottom Yet — But a Relief Rally Is Inevitable

Even in ‘08, even in COVID — bear markets bounce hard before new lows.

That’s what we’re eyeing.
Not the end. Just the breather.

After weeks of short positioning, it’s crowded now.

Sentiment’s radioactive.
Volatility’s weaponized.
Rallies will be violent.

Want to Trade the Whiplash?

We’re capitalizing on these swings inside the group.
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